Addendum To Extend Contract Template for England and Wales

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Key Requirements PROMPT example:

Addendum To Extend Contract

"I need an Addendum To Extend Contract for our IT services agreement with DataTech Solutions Ltd, extending the current contract for an additional 24 months from March 2025, with a 5% annual price increase."

Document background
An Addendum To Extend Contract is commonly used when parties wish to continue their contractual relationship beyond the original termination date. This document, governed by English and Welsh law, provides a formal mechanism to extend the duration of existing agreements while maintaining their core terms and conditions. It typically includes the extension period, any modifications to existing terms, and requires proper execution by all parties to be legally binding. This type of addendum is particularly useful for maintaining business continuity and avoiding the complexity of negotiating entirely new contracts.
Suggested Sections

1. Parties: Identification of all parties to the original contract and addendum

2. Background: Reference to original contract and reason for extension

3. Definitions: Key terms used in the addendum

4. Extension Terms: Specific details of the contract extension period

5. Effect on Original Agreement: Statement that all other terms remain unchanged

6. Execution: Signature blocks and execution details

Optional Sections

1. Modified Terms: Any terms being modified along with the extension, used when other changes are needed

2. Additional Consideration: Details of any new consideration, used when additional value is exchanged

3. Conditions Precedent: Any conditions that must be met before extension takes effect

Suggested Schedules

1. Updated Timeline: New project or delivery schedules reflecting extended period

2. Revised Pricing: Any price adjustments for the extension period

3. Original Agreement: Copy of the original contract being extended

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant Industries
Relevant Teams
Relevant Roles
Industries

Law of Contract: Fundamental common law principles governing contract modifications, including requirements for valid variations and consideration principles for contract amendments

Statute of Frauds 1677: Historical legislation that requires certain contracts and their modifications to be in writing and signed by the parties to be enforceable

Unfair Contract Terms Act 1977: Legislation controlling the use of unfair terms in contracts, ensuring new terms in amendments are fair and reasonable, with different considerations for B2B and B2C contracts

Consumer Rights Act 2015: Modern legislation governing consumer contracts, including requirements for fairness, transparency, and consumer protection in contract terms and modifications

European Union (Withdrawal) Act 2018: Post-Brexit legislation affecting how retained EU law impacts contract terms and their interpretation in English and Welsh law

Limitation Act 1980: Legislation governing time limits for legal actions, relevant when considering extended contract periods and limitation periods

Electronic Communications Act 2000: Legislation governing electronic signatures and communications in contract execution and modification

Companies Act 2006: Primary legislation governing company operations, including requirements for corporate authority in contract execution and modification

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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